How to Buy yearn.finance (YFI) in Anguilla

A Step-by-Step-Guide on how to buy yearn.finance (YFI) in Anguilla

Step 1 – Signup to Coinmama

You will first need to purchase one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and receive your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. yearn.finance (YFI) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate yearn.finance (YFI)

As soon as your deposit has been verified, you will immediately have access to your funds and you can commence purchasing and trading. To purchase yearn.finance (YFI) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To spot yearn.finance (YFI), you will need to put the shortname of the coin (YFI) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have marked this also. Click on “YFI/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} yearn.finance (YFI)
Step 4 – Purchase yearn.finance (YFI)

Once you've found yearn.finance (YFI), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're making our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate yearn.finance (YFI) was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of YFI you want to purchase. The ”Total” field is the total price in BTC that you will pay for the complete volumen of YFI.

If you are glad, click on “Buy YFI”. Your order will be filled when a Vendor sells their YFI for the price you offered.

Step 5 – Withdraw yearn.finance (YFI)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive time frame. In order to withdraw your yearn.finance (YFI), go to the tab called “Funds” and click on “Withdraw”. yearn.finance (YFI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate yearn.finance (YFI) by using the provided drop-down box. Put into the amount of yearn.finance (YFI) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You've successfully purchased and stored yearn.finance (YFI) in Anguilla.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the yearn.finance (YFI) is safe inside your wallet, you are finished.

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